Market Overview

Soybean Futures Higher

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November Soybeans are trading at 981 , up 2 3/4 cents/bushel. January Soybeans are trading at 988 1/2 ,up 2 1/2 cents/bushel. December Soymeal is trading at 306.1, up 2.6 $/ton. December Soybean Oil is trading at 35.13, down up 0.31 cents/lb.

Soybean futures are trading a little under the session highs.

The weekly soybean crop harvest report showed 62 percent of the U.S. soybean crop was harvested versus 44 percent a week ago and 73 percent a year ago. The ten year average at this time of year is 62 percent.

The weekly soybean crop condition report showed 74 percent of the soybean crop was rated good to excellent versus 74 percent a week ago and 64 percent a year ago. The ten year average at this time of year is 64 percent.

Posted-In: Soybean futuresFutures Commodities Markets

 

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